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Pro tip: whenever you read "$XX billion dollar market", replace it in your head with "It's big (obviously) but we basically made up a number to make it sound li
by damoncali 11y ago
Pro tip: whenever you read "$XX billion dollar market", replace it in your head with "It's big (obviously) but we basically made up a number to make it sound like we know what we're talking about".
That and company value is the present value of all future earnings, where "industry size" is typically understood to be an annual revenue number. Apples and oranges.